Shareholding Disclosure for Section 793 UK

Filing Requirements

Issuer Requests are ad-hoc inquiries made by public companies asking investors about their holdings in their equity. As a result, there are no uniform requirements - each request will specify particulars (net equivalent shares, voting rights, transactions, etc.) that investors must disclose in a reasonable time as stated in the notice. 

Typically, issuer requests are carried out by a third party acting on behalf of the company seeking information on investor holdings. For a Section 793 request, the disclosure should be made to a law firm or whoever is conducting the requests on behalf of the issuer. Should an investor not comply with the request and not provide the required information, the FCA would have legal means to get involved. In the UK, investors have a legal obligation to provide the information requested by the issuing company, and failure to do so can result in Regulator imposed fines and/or sanctions.

About the FCA

The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. It operates independently from the UK Government and is financed by charging fees to members of the financial services industry.